Movement Alert｜FIT Hon Teng Rises 3.83% in Regular Trading, CPO Mass Production Delay Concerns Eased After Nvidia Clarification

Market Focus06-30 10:32

On June 30, FIT Hon Teng rose 3.83% in regular trading, trading at HKD 7.05/share, with turnover of approximately HKD 71.67 million.

On the news front, the CPO mass production delay controversy that previously triggered market panic has been clarified by the industry. Nvidia's Senior Vice President of Network Business, Gilad Shainer, explicitly stated that the Spectrum-X Ethernet CPO switch will commence mass production and customer onboarding in the second half of the year as originally planned, with no postponement. This directly addressed earlier concerns raised by a SemiAnalysis report suggesting CPO scaled production could be delayed until 2028 or even 2029.

Additionally, the electronic components sector rallied broadly on the same day, with Sunny Optical up 3.62% and Lens Technology up 4.86%, as oversold rebound sentiment helped FIT Hon Teng stabilize from its recent lows. The stock had previously retreated significantly from its June 3 high of approximately HKD 10.01, pressured by Apple supply chain headwinds and chairman Lu Songqing's share disposal at around HKD 10.05 per share.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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